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GaryK [48]
3 years ago
7

Which of the following statements are true of local taxes? (Choose all that apply)

Business
1 answer:
Andrew [12]3 years ago
4 0
Local taxes can be sales taxes
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According to the IS–LM model, if Congress raises taxes but the Fed wants to hold income constant, then the Fed must ______ the m
abruzzese [7]

Answer:

Increase

Explanation:

Population net income consists of the difference between labor income and expenditure. If the government adopts a contractionary fiscal policy, that is, increases taxes, the net income of the population will decrease, since part of the income will be directed to the payment of taxes. For the Fed to compensate for this decline in income, an expansionary monetary policy will have to be adopted, ie the Fed must act to stimulate the population's income. The increase in money supply has the effect of warming the economy in the form of higher demand and higher wages. This is the form of compensation between two different policies, one contractionist and one expansionist.

6 0
3 years ago
We associate the term debt finance with a. the bond market, and we associate the term equity finance with the stock market. b. t
Vedmedyk [2.9K]

Answer: Option A  

     

Explanation: In simple words, debt financing refers to a process under which an organisation borrows money from other parties without giving any share in the ownership rights.

These finances are usually gathered by selling bonds bills and notes to the general public. Whereas, equity finance sells its ownership rights and raise money from it.

Hence from the above we can conclude that the correct option is A.

6 0
3 years ago
Quinn is an accountant employed by CCDL Enterprises. Recently, she has spent much of her time working on defining measures of co
tamaranim1 [39]

Answer: Private accountant whose work involve managerial accounting

Explanation:

From the question, we are informed that Quinn is an accountant who is employed by CCDL Enterprises and that recently, she has spent much of her time working on defining measures of costs for the production department and checking to ensure that various departments are staying within their budgets.

The above analysis shows that Quinn is a private accountant whose work involve managerial accounting. This is illustrated in what she does whch has been analysed in the question.

4 0
3 years ago
in 2020, Mathis Co. at the first year of operations, has financial income of $1,200,000. It has an litigation expense of $3,000,
Ronch [10]

Answer:

Mathis Co.

The Tax payable for 2020 is:

= $1,320,000

Explanation:

a) Data and Calculations:

2020 Financial income =   $1,200,000

add Litigation expense       3,000,000

add installment sales          2,400,000

Adjusted taxable income $6,600,000

Income tax rate = 20%

Tax payable for 2020 = $1,320,000

b) The litigation expense was deducted from the financial income.  This is added back to the income.  Installment sales were not included in the revenue for the financial income of 2020.  This is also added to the financial income.  The net result is the figure for taxable income.  This forms the basis for the application of the income tax rate of 20%.

5 0
3 years ago
How do the relative position of the earth moon and sun impact the moon phases​
V125BC [204]

Moon phases are what of the moon we can see from Earth. Lunar tides are caused by the moon's gravity pulling on the water on Earth. High tide occurs when the moon is directly in line with the body of water in question. Lunar eclipses are caused by the shadow of the Earth as it passes in between the sun and the moon

4 0
3 years ago
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